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they're concerned what happens to the pentagon under sequestration because it goes across the board, they can't kill one program, every department, every subset has to feel the pain and so they're cautious on this point, but really, when you talk to them and you get them to say. and give them a choice between what the president is pitching and done in an unpleasant way they'd still rather have the cuts. >> he talks about, stu, look, we can avoid the cuts if we come up with a balanced program and all i'm asking for from the republicans is reasonable tax reform. that's it. we'll close a couple of loopholes, only the rich will feel that and the republicans are so married to the rich that they can't even save the lives of human beings and the jobs of first responders because they're so opposed to tax reform and the journal has questions about his definition of tax reform. your thoughts on that. >> yes, he has changed what tax reform means. tax reform, to the republicans, up until the last election. tax reform was, lower tax rates. get rid of some deductions, raise more revenue for the tr
they're concerned what happens to the pentagon under sequestration because it goes across the board, they can't kill one program, every department, every subset has to feel the pain and so they're cautious on this point, but really, when you talk to them and you get them to say. and give them a choice between what the president is pitching and done in an unpleasant way they'd still rather have the cuts. >> he talks about, stu, look, we can avoid the cuts if we come up with a balanced...
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Feb 20, 2013
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the warning was aimed at defense department workers at the pentagon and around the world. secretary panetta sent them a written message, as he left for a nato defense ministers meeting in brussels. in it, he said there are limited options for coping with the looming across-the-board cuts. and, he said: >> on our civilians it will be catastrophic. >> woodruff: within hours, top pentagon officials were out, saying employees could lose one day of work per week for 22 weeks. civilians will experience a 20 percent decrease in their pay between late april and september. as a result, many families will be forced to make difficult decisions on where their financial obligations lie. >> reporter: the furloughs could start in late april and save roughly $5 billion. uniformed personnel at war would be exempt, but in a letter to congress, panetta wrote that the spending cuts will slow training and the procurement of weapons. the result, he said, will be a hollow force. the nation's top military leader had said as much last week at a senate hearing on the automatic cuts. chair of the jo
the warning was aimed at defense department workers at the pentagon and around the world. secretary panetta sent them a written message, as he left for a nato defense ministers meeting in brussels. in it, he said there are limited options for coping with the looming across-the-board cuts. and, he said: >> on our civilians it will be catastrophic. >> woodruff: within hours, top pentagon officials were out, saying employees could lose one day of work per week for 22 weeks. civilians...
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Feb 20, 2013
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. >> reporter: today, there's a new warning from the pentagon, they say more than 700,000 civilian workers would have to take one day off without pay a week. one day after president obama continued his plea to the public and to congress saying that this is going to be devastating for the economy, he wants congress to act and it comes one day after a bipartisan commission released a new plan that would detail $2.4 trillion cuts over 12 years. mara? >> thank you. >>> we'll have more on those budget cuts and other political stories later in the show. >>> he was being considered for a big show, but now general john allen has announced that he's retired. he completed 19 months as top commander in afghanistan, instead of taking the new job, he'll retire to help his wife deal with health issues. here's your "first look" at the dish of scrambled politics americans still don't like congress very much. 15% approve of the job that the lawmakers are doing, up one point from last month. >>> deanny hoyer said that the 2016 presidential race is easy to predict, if hillary clinton decides to win, she'll c
. >> reporter: today, there's a new warning from the pentagon, they say more than 700,000 civilian workers would have to take one day off without pay a week. one day after president obama continued his plea to the public and to congress saying that this is going to be devastating for the economy, he wants congress to act and it comes one day after a bipartisan commission released a new plan that would detail $2.4 trillion cuts over 12 years. mara? >> thank you. >>> we'll...
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Feb 20, 2013
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the pentagon will warn congress that it will furlough many of its 800,000 civilian workers if the sequestration takes effect on march 1st. the president has asked congress to delay the automatic budget cuts. nld and coming up today, lance armstrong is expected to come clean under oath about his use of performance-enhancing drugs. for more than a decade armstrong adamantly denied that he ever used banned banned substances. the u.s. anti-doping agency wants blacklist in an effort to restore cycling. >>> a repairman of a water company is expected to be okay after being hit by a car. this accident all caught on camera. two workers were standing in the middle of the road in missouri, shutting off a water valve when a minivan drove through the intersection. one worker was able to jump out of the way, but the other one was hit. the driver did stop at the scene and is not going to be charged. but some incredible video to pass along to you this morning. >> horrible accident. >>> right now 4:54 on this wednesday morning. let's get right to weather for us because as yesterday was sort of a mixed bag, we h
the pentagon will warn congress that it will furlough many of its 800,000 civilian workers if the sequestration takes effect on march 1st. the president has asked congress to delay the automatic budget cuts. nld and coming up today, lance armstrong is expected to come clean under oath about his use of performance-enhancing drugs. for more than a decade armstrong adamantly denied that he ever used banned banned substances. the u.s. anti-doping agency wants blacklist in an effort to restore...
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Feb 20, 2013
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losing their jobs from the military and i wonder if those people standing behind them are from the pentagon. i don't want anybody to lose their job. but it is interesting that the comments did focus on the members of military. >> brian: $85 billion and $1.2 trillion in the next ten years and half of that money comes out the have the pentagon. i think republicans agreed with it but this is thrust postpone us. it was over a year we knew about at the questions terrify. why weren't we negotiating through december and then you have january and here we are couple weeks away and the president is going with this shame attack followed by speaker boehner, your solution to get us to raise taxes after we agreed to raise taxes. now, they say the rich have to pay their fair share again. maybe we should focus on facebook who paid no money in taxes last year or g.e. who did exactly the same thing. >> gretchen: it works last time. shaming the republicans worked. they decided to raise taxes and in the public image and public opinion it worked last time to blame reopens. why wouldn't you try it again? a lot o
losing their jobs from the military and i wonder if those people standing behind them are from the pentagon. i don't want anybody to lose their job. but it is interesting that the comments did focus on the members of military. >> brian: $85 billion and $1.2 trillion in the next ten years and half of that money comes out the have the pentagon. i think republicans agreed with it but this is thrust postpone us. it was over a year we knew about at the questions terrify. why weren't we...
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Feb 20, 2013
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as late as september the pentagon was saying they were still trying to understand what the law was. in december they hadn't started. just a few weeks ago they start coming out now with all these dooms day scenarios. the reality is that the president could have stopped it. the house of representatives has passed not one, but two bills that would have stopped it. the senate has done nothing. martha, when the president talks about a balanced budget, most americans think what he means we balance the amount of money coming in with the amount of money coming out. martha: right. >> that is not what the president talks about with balance. martha: that is interesting, jay carney quoted alan simpson but the other thing he did not quote that alan simpson said, if this president does not get serious about deficit reduction, including taking on medicare and social security and reforming those entitlement programs, that he will have a failed presidency. do you think that is a message republicans have done a good job getting across? >> well, martha, i think that it is very difficult sometimes when
as late as september the pentagon was saying they were still trying to understand what the law was. in december they hadn't started. just a few weeks ago they start coming out now with all these dooms day scenarios. the reality is that the president could have stopped it. the house of representatives has passed not one, but two bills that would have stopped it. the senate has done nothing. martha, when the president talks about a balanced budget, most americans think what he means we balance...
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Feb 20, 2013
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they're betting they'll blame the president for lost funding in federal programs and the pentagon over ten years, should the sequestration take place. house speaker john boehner said, quote, today the president advanced an argument republicans have been making for a year. his sequester is the wrong way to cut spending. senate majority leader mitch mcconnell insisted "more than three months after the november election, president obama still prefers campaign events to common sense, bipartisan action." and joining us now for more on this from washington, the former chief economist of the international monetary fund and bloomberg view columnist, simon johnson. he's the co-author of "white house burning: our national debt and why it matters to you," now out in paperback. simon, good to see you this morning. >> nice to be with you. >> simon, if you could help us through this over the next week or so, it doesn't look like there's a path to avoiding the sequestration if you listen to the two sides. so how damaging would this be? because we've heard a couple different versions of it that would
they're betting they'll blame the president for lost funding in federal programs and the pentagon over ten years, should the sequestration take place. house speaker john boehner said, quote, today the president advanced an argument republicans have been making for a year. his sequester is the wrong way to cut spending. senate majority leader mitch mcconnell insisted "more than three months after the november election, president obama still prefers campaign events to common sense,...